In order to meet strong demand for the electric car maker’s upcoming Model 3 sedan, Panasonic Corp is prepared to move up its investment plans for Tesla Motors Inc’s battery plant, an executive at the Japanese electronics group. “We will do our best to move up the schedule if requested,” Yoshio Ito, head of Panasonic’s…
As the U.S. tech titan – Apple, stumbles in its biggest offshore market – China, security of its users were stressed by the head of China’s industry and technology regulator in a meeting with Apple Inc’s chief executive in Beijing. Having faced by a flurry of problems in China, from weakening smartphone sales to the…
In a widening of a scandal that has already engulfed Mitsubishi Motors, Suzuki Motor Corp said it had used improper fuel economy tests for its cars in Japan but that proper testing subsequently had shown the mileage data did not need amending. Taking responsibility for a major fuel economy scandal, the President of Mitsubishi, Tetsuro…
A Finnish company, HMD Global Oy, will now create Nokia-branded phones and tablets and such phones and tablets would be manufactured by a subsidiary of Taiwan’s Foxconn. An exclusive 10-year licensing deal with the Finnish company has been signed by Nokia , the company said. Nokia had to sell off its entire handset business to…
With the hope of raising one billion euros, Dutch electronics giant Philips announced that it will float 25 percent of its shares in a highly anticipated IPO of its lighting arm. Reserving the option of releasing more if the offer is over-subscribed, the Amsterdam-based company said it would release some 37.5 million shares for the…
Drawing a line under the UK financial watchdog’s eight-and-a-half year insider dealing inquiry, a former Deutsche Bank managing director and an accountant have been sent to prison for “persistent, prolonged, deliberate, dishonest behavior”. For his part in an elaborate scam that prosecutors said made more than £6.9m between 2006 and 2010, Martyn Dodgson was sentenced…
In a dispute over health and safety after changes to their rest breaks, Thomas Cook cabin crew are voting on possible strike action during the May half-term school holiday. More than 1,000 cabin crews have begun voting in a ballot for industrial action, according to Unite, Britain’s largest union, against a decision that would allow…
Officials in India have banned daytime cooking in some parts of the drought-stricken country in a bid to prevent accidental fires that have killed nearly 80 people even as the sizzling temperatures have claimed more than 300 lives this month in India. After accidental fires exacerbated by dry, hot and windy weather swept through shantytowns and…
Following a surge in prices sparked fears of a boom-and-bust cycle and with the aim of controlling speculative trading activity, China’s securities regulator ordered the country’s major commodity futures exchanges to take steps, reports Reuters quoting sources. Major institutional investors were ordered to rein in their trading by commodity futures exchanges in Dalian, Shanghai and…
A deal is being targeted by June by the Chinese investor group pursuing a takeover of the AC Milan soccer club, said reported Bloomberg. AC Milan is controlled by former Italian Prime Minister Silvio Berlusconi. The consortium is seeking a deal in time for the summer transfer season and they have agreed on most key terms.…
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